Terms and conditions

READ THE FOLLOWING TERMS AND CONDITIONS (the “T&C”) CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION ABOUT YOUR RIGHTS AND OBLIGATIONS IN RELATIONS WITH DUKASCOPY

Contest Philosophy

Before starting trading in the Contest it is recommended to read the Philosophy of the Contest. To win the Trader contest a participant needs to achieve the following goals:

  1. To reach the maximum profit within 1 month with the maximum loss limit of 100’000 USD.
  2. To attract other traders to copy trades generated by the contestant’s trading strategies by showing them outstanding quality of trading.
Additionally Dukascopy expects from participants:
  1. To show long-term consistent trading results (6 and 12 months respective).
  2. To explain the idea of the trading strategy and the decision behind each action to other traders.

The Trader Contest should be considered as trading within the monthly limit of 100,000 US dollars renewable each month. The loss of all funds during the contest month should be considered as loss of monthly limit rather than loss of all funds on regular trading account.

One of the contest’s goals is to attract other traders to copy participant’s trades. Number of subscribers is an important factor to win the prize.

Participating in the Trader contest automatically means participating in the Signal Provider Grand Prix with additional prizes! Each month five traders with the highest average profitability in six-month and/or 12-month nomination will compete for additional money prizes. Moreover, the best trader in the 12-month nomination will be awarded a 2,000 USD money prize and the title of the Trader of the Year. Keep in mind that the long term contest (Grand Prix) is based on the two criteria – your equity growth and draw-down.

Scalping and using high leverage are not welcome in the Contest. The set of rules was introduced to encourage predictability, explanations and the ability to reproduce (copy) the trades of the contestants. To ensure this, the rules of the contest contain specific trading conditions and restrictions. Also, one of the main ideas of the rules is to reduce possible cheating.

The Trader Contest is the place where all participants can promote themselves as traders and become popular. Trade, win, create a track record and use it to present yourself. Trader contest is a great place to make a trading career!

Contest Model

Dukascopy Trader Contest (the "Contest") is a forex competition between participants using DEMO accounts for manual trading only (the "Participants"). Any forms of automated trading are forbidden. Several trading limitations are designed to make the competition more fair and analytical.

Participants are expected to keep a register of their trading activity: write blog posts about their deals, trading methods, expectations, thoughts behind the deals, trading plans and other related to the Participant’s trading information. Plagiarism is strictly forbidden. The amount of the quoted text must correspond with the purpose of citing.

The posts of each participant are displayed in “Trader's blog” section on his contest page and also in Community Blog and are tagged “Trader's blog”. The quality and accuracy of these records will be beneficial for obtaining more blog points from Contest’s moderator.

Final ranking of participant represents the sum of points for pure trading performance, copied volume by the signal subscribers, quality of orders and the points for Trader's blog.

Despite the fact the Trader contest leaders table will show participants with less than 60% max draw-down for the current month the traders with higher draw-down can also claim prizes.

The Contest is conducted regularly on a monthly basis. The total prize fund is 28,000$ to be shared among the winners.

Registration Rules

  1. The Contest is held by Dukascopy ('Dukascopy') on DEMO accounts for manually trading on a regular monthly basis.
  2. For each respective month, registration opens on the 25th day of the previous month and remains available until the 25th day of that month. For example, registration for January 2011 is opened from 25.12.2010 till 25.01.2011
  3. Only persons aged 18 or over are eligible to apply for a registration in the Contest.
  4. Participants agree to provide true information during registration. If a Participant becomes eligible for any prize, information provided during his/her registration will be used for the opening of a live account with Dukascopy in the name of that Participant. In case of information being false, inaccurate or incomplete, Dukascopy may declare the participation in the Contest void at any time and at its sole discretion.
  5. Participant must register under a unique 'Nickname' which can not be used by any third person in the future. Among other, multiple registrations and/or use of proxy servers may result in the relevant Participant's disqualification.
  6. Participants shall acknowledge and agree that their trading history, any picture, personal data, and any other information posted on Dukascopy's Traders Blog are accessible to the public and that Dukascopy does not ensure any confidentiality in this respect whether or not participants already have a live account open with Dukascopy or intend / need to open such live account. Consequently, participants shall waive expressly the benefit of Swiss Banking Secrecy and release Dukascopy from any liability in that respect in the frame of the Trader Contest / Traders Blog.
  7. Participants shall acknowledge and accept that, in case they are awarded with a prize by Dukascopy, they may be asked to participate in promotional events, interviews, public announcements in connection with the Contest and that Dukascopy may make use of their names, trading history and references. Consequently, participants shall waive expressly the benefit of Swiss Banking Secrecy and release Dukascopy from any liability in that respect.
  8. Participants further acknowledge and agree that should they refuse Dukascopy's request to participate in above-mentioned promotional events, Dukascopy has the right to disqualify such participants and to give the respective prize to other participants.
  9. It is forbidden to use any kind of links in the profile pictures. Any sort of advertisement, restricted sensible content is also not allowed. Dukascopy reserves the right to delete the avatar upon detection of this rule's violation.
  10. Login names containing any trademarks of Dukascopy or its products are not allowed. Words like 'Dukascopy', 'SWFX', 'JForex' and other brand names associated with Dukascopy are forbidden.

Trading Rules

  1. Contest accounts are registered with an initial deposit of USD 100,000.
  2. Trading can be performed using the Java, Android and iPhone/iPad/iPod platforms (no trading possible via web-platform).
  3. The minimum and maximum order size is 100,000 and 5,000,000 currency units respectively.
  4. Only 5 instruments can be opened simultaneously by a Participant.
  5. Only 1 position could be opened at any instrument (if there is already an entry order, there is no possibility to open a market order and vice versa).
  6. The total amount of positions opened during the Contest by one Participant must be at least 10. At the end of the Contest all open positions will be automatically closed 1 hour prior to the settlement.
  7. All positions must have Take Profit (TP) and Stop Loss (SL) orders assigned.
  8. Take profit and Stop Loss levels should not exceed 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule". E.g. Limits for AUD/JPY=(EUR/USD Points/AUD/JPY Points)*2%=1/1.74*2=1.15%; for EUR/NOK=(EUR/USD Points/EUR/NOK Points)*2%=1/0.17*2=11.76%, etc.
  9. TP, SL levels can not initially be set closer than 5 pips either to market price, or to entry price.
  10. It is forbidden to cancel already set SLs and TPs.
  11. All contest trading accounts are subject to the same margin requirements and policies as regular demo accounts. This includes the application of end-of-week leverage (1:30) each Friday, at 18:00 GMT.
Pip Conversion Schedule (by last settlement)
Instrument Rate 1 pip value
$/1Mio$
Points
ADA/USD 0.3360 29762 330.91
AED/CNH 1.9317 52 0.58
AED/CZK 6.1396 163 1.81
AED/HKD 2.1219 47 0.52
AED/HUF 96.6199 1 0.01
AED/JPY 38.74 258 2.87
AED/MXN 5.2506 19 0.21
AED/RON 1.2186 82 0.91
AED/SAR 1.0220 98 1.09
AED/THB 9.0515 1105 12.28
AED/TRY 9.2843 11 0.12
AED/ZAR 4.7778 21 0.23
AUD/AED 2.4842 40 0.45
AUD/CAD 0.9203 109 1.21
AUD/CHF 0.5725 175 1.94
AUD/CNH 4.7995 21 0.23
AUD/CZK 15.2520 66 0.73
AUD/DKK 4.5380 22 0.25
AUD/HKD 5.2713 19 0.21
AUD/HUF 239.9025 42 0.46
AUD/ILS 2.5601 39 0.43
AUD/JPY 96.26 104 1.16
AUD/MXN 13.0464 8 0.09
AUD/NOK 7.1637 14 0.16
AUD/NZD 1.0895 92 1.02
AUD/PLN 2.5983 38 0.43
AUD/RON 3.0271 33 0.37
AUD/SAR 2.5394 39 0.44
AUD/SEK 6.9066 14 0.16
AUD/SGD 0.8761 114 1.27
AUD/THB 22.4990 444 4.94
AUD/TRY 23.0362 4 0.05
AUD/USD 0.6764 148 1.64
AUD/ZAR 11.8662 8 0.09
AVE/USD 138.3000 72 0.8
BAT/USD 0.1723 580 6.45
BCH/CHF 266.1000 3758 41.78
BCH/EUR 282.9500 3534 39.3
BCH/GBP 238.2000 4198 46.68
BCH/USD 314.4500 3180 35.36
BTC/CHF 50 982.5000 20 0.22
BTC/EUR 54 175.8000 18 0.21
BTC/GBP 45 584.4500 22 0.24
BTC/USD 60 230.3500 17 0.18
CAD/AED 2.6995 37 0.41
CAD/CHF 0.6221 161 1.79
CAD/CNH 5.2155 19 0.21
CAD/CZK 16.5718 60 0.67
CAD/DKK 4.9316 20 0.23
CAD/HKD 5.7284 17 0.19
CAD/HUF 260.7395 38 0.43
CAD/ILS 2.7816 36 0.4
CAD/JPY 104.59 96 1.06
CAD/MXN 14.1777 7 0.08
CAD/NOK 7.7842 13 0.14
CAD/PLN 2.8230 35 0.39
CAD/RON 3.2896 30 0.34
CAD/SAR 2.7590 36 0.4
CAD/SEK 7.5036 13 0.15
CAD/SGD 0.9521 105 1.17
CAD/THB 24.4650 409 4.54
CAD/TRY 25.0308 4 0.04
CAD/USD 0.7350 14 0.15
CAD/ZAR 12.8979 8 0.09
CHF/AED 4.3396 23 0.26
CHF/CNH 8.3847 12 0.13
CHF/CZK 26.6408 38 0.42
CHF/DKK 7.9280 13 0.14
CHF/EUR 1.0628 94 1.05
CHF/HKD 9.2093 11 0.12
CHF/HUF 419.1625 24 0.27
CHF/ILS 4.4722 22 0.25
CHF/JPY 168.14 59 0.66
CHF/MXN 22.7929 4 0.05
CHF/NOK 12.5139 8 0.09
CHF/PLN 4.5383 22 0.24
CHF/RON 5.2887 19 0.21
CHF/SAR 4.4354 23 0.25
CHF/SEK 12.0627 8 0.09
CHF/SGD 1.5305 65 0.73
CHF/THB 39.3340 254 2.83
CHF/TRY 40.3020 2 0.03
CHF/USD 1.1816 8 0.09
CHF/ZAR 20.7361 5 0.05
CMP/USD 42.8950 2331 25.92
CNH/CZK 3.1783 315 3.5
CNH/HKD 1.0984 91 1.01
CNH/HUF 50.0030 200 2.22
CNH/JPY 20.05 499 5.54
CNH/MXN 2.7181 37 0.41
CNH/THB 4.6915 2132 23.7
CNH/TRY 4.8062 21 0.23
CNH/ZAR 2.4733 40 0.45
CZK/HUF 15.7340 64 0.71
CZK/JPY 6.31 158 1.76
CZK/THB 1.4750 7 0.08
CZK/TRY 1.5124 7 0.07
DGE/USD 0.1015 98522 1095.44
DKK/AED 0.5474 183 2.03
DKK/AUD 0.2204 45 0.5
DKK/CNH 1.0576 95 1.05
DKK/CZK 3.3604 298 3.31
DKK/HKD 1.1616 86 0.96
DKK/HUF 52.8710 189 2.1
DKK/ILS 0.5641 177 1.97
DKK/JPY 21.21 5 0.05
DKK/MXN 2.8749 35 0.39
DKK/RON 0.6670 150 1.67
DKK/SAR 0.5595 179 1.99
DKK/THB 4.9575 2017 22.43
DKK/TRY 5.0828 20 0.22
DKK/ZAR 2.6150 38 0.43
DSH/USD 24.0910 415 4.62
ENJ/USD 0.2115 47281 525.71
EOS/USD 0.4832 2070 23.01
ETC/USD 18.0100 5552 61.74
ETH/CHF 1 969.3500 508 5.65
ETH/EUR 2 092.5000 478 5.31
ETH/GBP 1 760.6500 568 6.32
ETH/USD 2 326.5500 430 4.78
EUR/AED 4.0835 24 0.27
EUR/AUD 1.6437 61 0.68
EUR/CAD 1.5126 66 0.74
EUR/CHF 0.9409 106 1.18
EUR/CNH 7.8890 13 0.14
EUR/CZK 25.0671 40 0.44
EUR/DKK 7.4597 13 0.15
EUR/GBP 0.8415 119 1.32
EUR/HKD 8.6651 12 0.13
EUR/HUF 394.4005 25 0.28
EUR/ILS 4.2079 24 0.26
EUR/JPY 158.20 63 0.7
EUR/MXN 21.4465 5 0.05
EUR/NOK 11.7750 8 0.09
EUR/NZD 1.7909 56 0.62
EUR/PLN 4.2707 23 0.26
EUR/RON 4.9759 20 0.22
EUR/SAR 4.1734 24 0.27
EUR/SEK 11.3500 9 0.1
EUR/SGD 1.4400 69 0.77
EUR/THB 36.9820 270 3.01
EUR/TRY 37.9165 3 0.03
EUR/USD 1.1119 90 1
EUR/ZAR 19.5072 5 0.06
GBP/AED 4.8527 21 0.23
GBP/AUD 1.9534 51 0.57
GBP/CAD 1.7976 56 0.62
GBP/CHF 1.1182 89 0.99
GBP/CNH 9.3752 11 0.12
GBP/CZK 29.7896 34 0.37
GBP/DKK 8.8650 11 0.13
GBP/HKD 10.2971 10 0.11
GBP/HUF 468.7050 21 0.24
GBP/ILS 5.0006 20 0.22
GBP/JPY 188.01 53 0.59
GBP/MXN 25.4862 4 0.04
GBP/NOK 13.9929 7 0.08
GBP/NZD 2.1280 47 0.52
GBP/PLN 5.0750 20 0.22
GBP/RON 5.9134 17 0.19
GBP/SAR 4.9596 20 0.22
GBP/SEK 13.4881 7 0.08
GBP/SGD 1.7114 58 0.65
GBP/THB 43.9080 228 2.53
GBP/TRY 45.0406 2 0.02
GBP/USD 1.3213 76 0.84
GBP/ZAR 23.1818 4 0.05
HKD/CZK 2.8930 346 3.84
HKD/HUF 45.5180 220 2.44
HKD/JPY 18.26 5 0.06
HKD/MXN 2.4752 40 0.45
HKD/THB 4.2665 2344 26.06
HKD/TRY 4.3767 23 0.25
HKD/ZAR 2.2517 44 0.49
ILS/AED 0.9703 103 1.15
ILS/CNH 1.8749 53 0.59
ILS/CZK 5.9582 168 1.87
ILS/HKD 2.0589 49 0.54
ILS/HUF 93.8245 107 1.19
ILS/JPY 37.60 266 2.96
ILS/MXN 5.0961 20 0.22
ILS/RON 1.1825 85 0.94
ILS/SAR 0.9918 101 1.12
ILS/THB 8.7915 1137 12.65
ILS/TRY 9.0091 11 0.12
ILS/ZAR 4.6368 22 0.24
IOT/USD 0.1225 81633 907.65
JPY/HUF 2.49 40 0.45
LNK/USD 10.6430 940 10.45
LTC/CHF 54.3500 18399 204.58
LTC/EUR 57.7500 17316 192.53
LTC/GBP 48.6000 20576 228.78
LTC/USD 64.2000 15576 173.19
MAN/USD 0.2745 36430 405.05
MAT/USD 0.3820 26178 291.07
MKR/USD 1 480.5700 68 0.75
MXN/CHF 0.0439 228 2.53
MXN/CZK 1.1690 9 0.1
MXN/HUF 18.3880 54 0.6
MXN/JPY 7.38 14 0.15
MXN/THB 1.7187 6 0.06
MXN/TRY 1.7682 57 0.63
NEO/USD 9.3400 10707 119.04
NOK/AED 0.3468 288 3.21
NOK/CNH 0.6699 149 1.66
NOK/CZK 2.1289 470 5.22
NOK/DKK 0.6335 158 1.76
NOK/HKD 0.7359 136 1.51
NOK/HUF 33.4970 299 3.32
NOK/ILS 0.3573 280 3.11
NOK/JPY 13.44 7 0.08
NOK/MXN 1.8214 55 0.61
NOK/RON 0.4226 237 2.63
NOK/SAR 0.3544 282 3.14
NOK/SEK 0.9639 104 1.15
NOK/THB 3.1430 3182 35.38
NOK/TRY 3.2200 31 0.35
NOK/ZAR 1.6566 60 0.67
NZD/AED 2.2803 44 0.49
NZD/AUD 0.9179 11 0.12
NZD/CAD 0.8447 118 1.32
NZD/CHF 0.5254 190 2.12
NZD/CNH 4.4057 23 0.25
NZD/CZK 13.9986 71 0.79
NZD/DKK 4.1654 24 0.27
NZD/HKD 4.8385 2067 22.98
NZD/HUF 220.1855 45 0.5
NZD/ILS 2.3497 43 0.47
NZD/JPY 88.31 113 1.26
NZD/MXN 11.9759 8 0.09
NZD/NOK 6.5749 15 0.17
NZD/PLN 2.3846 42 0.47
NZD/RON 2.7788 36 0.4
NZD/SAR 2.3307 43 0.48
NZD/SEK 6.3385 16 0.18
NZD/SGD 0.8041 124 1.38
NZD/THB 20.6590 484 5.38
NZD/TRY 21.1537 5 0.05
NZD/USD 0.6209 161 1.79
NZD/ZAR 10.8958 9 0.1
PLN/AED 0.9561 105 1.16
PLN/CNH 1.8473 54 0.6
PLN/CZK 5.8699 170 1.89
PLN/DKK 1.7469 57 0.64
PLN/HKD 2.0292 49 0.55
PLN/HUF 92.3570 108 1.2
PLN/ILS 0.9853 101 1.13
PLN/JPY 37.05 270 3
PLN/MXN 5.0237 20 0.22
PLN/NOK 2.7575 36 0.4
PLN/RON 1.1656 86 0.95
PLN/SAR 0.9777 102 1.14
PLN/SEK 2.6580 38 0.42
PLN/THB 8.6552 12 0.13
PLN/TRY 8.8783 11 0.13
PLN/ZAR 4.5683 22 0.24
RON/CNH 1.5854 63 0.7
RON/CZK 5.0385 198 2.21
RON/HKD 1.7413 57 0.64
RON/HUF 79.2750 126 1.4
RON/JPY 31.79 315 3.5
RON/MXN 4.3093 23 0.26
RON/THB 7.4330 1345 14.96
RON/TRY 7.6193 13 0.15
RON/ZAR 3.9209 26 0.28
SAR/CNH 1.8903 53 0.59
SAR/CZK 6.0075 166 1.85
SAR/HKD 2.0762 48 0.54
SAR/HUF 94.5590 106 1.18
SAR/JPY 37.91 264 2.93
SAR/MXN 5.1389 19 0.22
SAR/RON 1.1923 84 0.93
SAR/THB 8.8585 1129 12.55
SAR/TRY 9.0845 11 0.12
SAR/ZAR 4.6749 21 0.24
SEK/AED 0.3597 278 3.09
SEK/CNH 0.6950 144 1.6
SEK/CZK 2.2085 453 5.03
SEK/DKK 0.6573 152 1.69
SEK/HKD 0.7635 131 1.46
SEK/HUF 34.7490 288 3.2
SEK/ILS 0.3707 270 3
SEK/JPY 13.94 7 0.08
SEK/MXN 1.8889 53 0.59
SEK/RON 0.4384 228 2.54
SEK/SAR 0.3677 272 3.02
SEK/THB 3.2600 3067 34.11
SEK/TRY 3.3406 30 0.33
SEK/ZAR 1.7182 58 0.65
SGD/AED 2.8359 35 0.39
SGD/CNH 5.4782 18 0.2
SGD/CZK 17.4070 57 0.64
SGD/DKK 5.1802 19 0.21
SGD/HKD 6.0171 17 0.18
SGD/HUF 273.8785 37 0.41
SGD/ILS 2.9220 34 0.38
SGD/JPY 109.86 91 1.01
SGD/MXN 14.8926 7 0.07
SGD/NOK 8.1765 12 0.14
SGD/PLN 2.9654 34 0.37
SGD/RON 3.4555 29 0.32
SGD/SAR 2.8982 35 0.38
SGD/SEK 7.8814 13 0.14
SGD/THB 25.6850 389 4.33
SGD/TRY 26.3331 4 0.04
SGD/ZAR 13.5479 7 0.08
THB/HUF 10.6664 9 0.1
THB/JPY 4.27 23 0.26
TRX/USD 0.1494 669 7.44
TRY/AUD 0.0434 230 2.56
TRY/HUF 10.4000 962 10.69
TRY/JPY 4.17 2400 26.69
TRY/SEK 0.2997 334 3.71
TRY/THB 0.9744 103 1.14
UNI/USD 6.5905 1517 16.87
USD/AUD 1.4784 7 0.08
USD/CAD 1.3605 74 0.82
USD/CHF 0.8463 118 1.31
USD/CNH 7.0953 14 0.16
USD/CZK 22.5490 44 0.49
USD/DKK 6.7091 15 0.17
USD/EUR 0.8994 11 0.12
USD/GBP 0.7568 13 0.15
USD/HKD 7.7929 13 0.14
USD/HUF 354.8850 28 0.31
USD/ILS 3.7845 26 0.29
USD/JPY 142.29 70 0.78
USD/MXN 19.2891 5 0.06
USD/NOK 10.5903 9 0.1
USD/NZD 1.6106 62 0.69
USD/PLN 3.8418 26 0.29
USD/RON 4.4753 22 0.25
USD/SAR 3.7535 27 0.3
USD/SEK 10.2097 10 0.11
USD/SGD 1.2952 77 0.86
USD/THB 33.2438 30 0.33
USD/TRY 34.0656 3 0.03
USD/ZAR 17.5505 6 0.06
UST/CHF 0.8482 118 1.31
UST/EUR 0.9013 111 1.23
UST/GBP 0.7584 132 1.47
UST/USD 1.0021 100 1.11
XLM/CHF 0.0810 1235 13.73
XLM/EUR 0.0859 1165 12.95
XLM/GBP 0.0725 1379 15.33
XLM/USD 0.0947 1056 11.74
XMR/USD 183.5400 54 0.61
XRP/USD 0.5785 17286 192.2
XTZ/USD 1.2200 81967 911.37
YFI/USD 4 833.0500 207 2.3
ZAR/CZK 1.2844 779 8.66
ZAR/HUF 20.2175 495 5.5
ZAR/JPY 8.11 1233 13.71
ZAR/MXN 1.0993 91 1.01
ZAR/THB 1.8920 5285 58.77
ZAR/TRY 1.9433 51 0.57

Key Limitations

  1. Every Participant should have only one unique nickname and email linked with his/her personal details, which will be used for the account opening with Dukascopy in case of awarding of a Contest prize.
  2. Only Participants who have a positive balance more than 100,000 may claim to be awarded by any of the prizes.
  3. Trader’s blog posts should not be shorter than 50 words and may be written in any language. In case post contains picture or chart the limitation lowers to 20 words.
  4. Use of offensive or abusive language may cause disqualification from Dukascopy Community and Contest.
  5. Official results of every month will be published during 2 weeks.
  6. Dukascopy reserves the right to set a 1-day ban to any contest participant or community user in case of continuous breaches of contest rules. A permanent disqualification can be applied if a serious violation is detected.

Ranking Calculation Rules

Each month, the score table is formed on the basis of 4 criteria, with a maximum total score of 303-306 points:

  1. Performance - real increase of capital. Maximum - 200 points.

  2. Signal subscribers - nomination consists of 2 components:

    • DEMO - cumulative traded volumes copied by the DEMO signal subscribers active in Social Trading contest are taken into account. Restriction: the copied volume is counted if signal subscriber has subscribed to at least 5 providers. Maximum 15 points.
    • LIVE - cumulative traded volumes copied by the LIVE signal subscribers are taken into account. Maximum 10 points.

  3. Orders quality - volume-weighted share of trades made with conditional orders. It is calculated as a ratio of the traded volume made with conditional orders to the total traded volume. Conditional orders include pending Entry orders, SL and TP orders. Maximum – 50 points.
  4. Trader’s blog - The score entered by a moderator for the quality and accuracy of the posts with "Trader's blog" tag. Maximum 28-31 points (depends on the number of days in the current month).

According to the places in nomination 'Performance' ,the Participants will gain points from 200 till 1 in the following sequence: (1) 200, (2) 180, (3) 170, (4) 165, (5) 160, (6) 159, (7) 158, ... (164) 1.

For 'Signal subscribers' points are assigned linearly.

  • DEMO: (1) 15, (2) 14, (3) 13, ... (15) 1.
  • LIVE: (1) 10, (2) 9, (3) 8, ... (10) 1.

The 'Order's quality' evaluation is obtained from the volume-weighted share of trades made with conditional orders. The percentage of such trades is then multiplied by the maximum score – 50 points. E.g. 90% of conditional volumes – 45 points, 50% - 25 points, etc.

Moderators are checking the Trader's blog for all participants, that shall not post more than 1 time per day. 1 post per 1 day is counted and the maximum points depend on the number of days in the particular month. The Contest moderator decides whether to assign points for the posts or not. Posting of spam, senseless posts, plagiarism and over-citing will be punished by assigning -1 point for each post. The rule “1 post per 1 day is counted” is not applied for spam-posts.

Please notice: At equal quantity of points, the preference will be given to the trader with the latest date of registration in the Contest.


Only Participants with real positive increase of capital can be treated as Contest nominees.
The winners with higher than 60% of max draw-down can also claim prizes.

Prizes and Awarding Rules

  1. The total prize pool of USD 28,000 is distributed among 30 winners of the Contest in the following manner:
    • 1st place and nomination 'The Trader of the Month' - 6,000 USD.
    • 2nd place - 3,500 USD
    • 3rd place - 2,500 USD
    • 4th place - 2,000 USD
    • 5th-6th place - 1,500 USD
    • 7th-10th places - 1,000 USD
    • 11th-20th places - 500 USD
    • 21st-30th places - 200 USD
  2. The contest winners may withdraw their cash prizes and the profits generated from their cash prizes on their respective sub-accounts after meeting the minimum turnover requirement. The minimum turnover requirement constitutes 2.5 million USD for every 100 USD won in the contest.:
    • 1st place - 150 million USD
    • 2nd place - 87.5 million USD
    • 3rd place - 62.5 million USD
    • 4th place - 50 million USD
    • 5th-6th place - 37.5 million USD
    • 7th-10th places - 25 million USD
    • 11th-20th places - 12.5 million USD
    • 21th-30th places - 5 million USD
  3. Participants are allowed to withdraw funds in full only when there are no blocked prizes on the account. Profit can only be withdrawn when there are no blocked prizes on the account.

    If there are both blocked and unblocked prizes:
    • participants are only allowed to withdraw the sum of unblocked prizes;
    • only the positive difference between equity and sum of blocked funds can be withdrawn;
    • the sum of withdrawn funds can't exceed the sum of unblocked funds.
  4. Top-3 position winners are required to take part in one broadcast of Dukascopy Community TV. Broadcasts are open-format and Participants have the opportunity of presenting the trading strategies and principles that lead them to success in the particular contest, taking part in the discussion of one of the open discussion of the Live TV or suggesting another topic of their interest related to Forex/Economics/Trading psychology etc.

    The broadcast is to be carried within one calendar month after the end of the contest month. Dukascopy representatives will be in contact with every of the winners to appoint a commonly convenient time for the broadcast.

    The only device Participants need to take part in the web-broadcast is a microphone and a web-cam. Broadcasts are held in English. Cases when the prize winner does not master English at a sufficient level will be solved on an individual basis: either by outsourcing an interpreter or via other individual solutions.
  5. If Participant does not have a live account with Dukascopy, then he/she should proceed to the live account opening procedure in a regular way. If Participant does not comply with live account opening requirements, Dukascopy reserves the right to cancel the cash prize.
  6. Cash prizes may be credited only to a live sub-account open with Dukascopy in the name of the relevant Participant.
  7. LIVE accounts which are credited with prize money are considered LIVE Prize accounts. LIVE Prize accounts can be credited only with cash prize money. Clients are not allowed crediting their own funds on this type of account.
  8. Prizes may only be credited to sub-accounts which are not linked to any Business Introducer. If needed, Dukascopy opens new sub-accounts not linked to the Participants’ Business Introducers, if any, and credit the prize(s) on such new sub-accounts.
  9. If a Participant already has a Live account but has not yet any open sub-account, Dukascopy opens a sub-account in the Participant’s reference currency and credits the prize(s) on this sub-account.
  10. Save contrary and valid preliminary written instruction of the Participant, Dukascopy converts the prize(s) into the currency of the sub-account on which the prize(s) shall be credited in application of the present “Prizes and Awarding Rules”. Such conversion is subject to fees as per the fee schedule posted on Dukascopy’s website.
  11. In case of Participant's refusal to participate in promotional events, interviews, public announcements in connection with the Contest, Dukascopy has the right to disqualify such Participant and give the respective prize to another Participant.

Fair Play

  1. Participants acknowledge and agree to make efforts to respect the principles of Fair Play.
  2. Participants must refrain from any dishonest and unfair conduct even if these activities are not fully described within the framework of the Contest rules.
  3. Such activities include, but are not limited to:
    • Registration of persons that are directly or indirectly related to other Participant
    • Various team tactics that include consolidation of Participants into a group with a purpose to get a statistical advantage on one of the accounts
    • Trading in opposite directions within one or more accounts
    • Spamming in private messages and comments
    • Any kind of manipulations with Orders quality points and other statistics
    • Other activities used to get an unfair advantage over other Participants

6/12 Statistiche per Signal Provider Grand Prix

  1. Total pip-points gained – The number of pip-points (EUR/USD pips equivalent) scored during the given statistical period.
  2. Avg. pip-points outcome from all positions – The average number of EUR/USD pips equivalent points gained/lost on all positions opened during the given statistical period.
  3. Most profitable trade – The number of EUR/USD pips equivalent points gained on the most profitable position opened during the given statistical period.
  4. Worst trade - The number of EUR/USD pips equivalent points lost on the most detrimental position opened during the given statistical period.
  5. Avg. pip-points gain on positive positions - The average number of EUR/USD pips equivalent points gained on all positive positions opened during the given statistical period.
  6. Avg. pip-points lost on negative positions - The average number of EUR/USD pips equivalent points lost on all negative positions opened during the given statistical period.
  7. Number of trades – Total number of trades conducted during the given statistical period.
  8. Avg. position size (USD) – The average size of a position opened during the given statistical period, in USD.
  9. Avg. trade time – The average duration of all positions opened during the given statistical period. From opening to closure.
  10. Maximum drawdown (%) – Maximum equity's depreciation, calculated as the percentage between the highest equity value and the lowest one during the given statistical period.
  11. Number of drawdowns – Total number of consecutive equity contractions during the given statistical period.
  12. Volume-weighted share of trades conducted with conditional orders – calculated as a ratio of the Traded volume made with conditional orders to the Total traded volume. These include entry pending orders, Stop-Loss and Take-Profit orders.
  13. Win/Loss ratio – Ratio of positive vs. negative positions opened during the given statistical period.

Charts

  1. Cumulative Profit/Loss dynamics - The chart is based on the continuous sum of periodic profits & losses. Starts from zero although traders actually start their trading with an initial deposit of 100,000 USD every month.
  2. Contest standings – Current rank of the trader in the respective period’s (1 month, 6 month or 1 year) standings of the Trader contest.
  3. Performance – Historical profit & loss results along a selected statistical period. Shown in pip points (EUR/USD pips equivalent).
  4. Traded volumes – Volumes traded historically during a selected statistical period. Shown in USD.
  5. Instruments – Distribution of instruments the trader uses for trading.

Other rules and policies

  1. Dukascopy reserves the right to use any kind of information posted by Participants within the framework of the Contest for its own purposes without prior coordination and approval from the authors. These purposes may include any kind of promotional activities or publicity campaigns, statistics collection etc.
  2. Dukascopy reserves the right to disqualify a Participant, to change the Contest rules, requirements and awards, without prior notice and at any time and at its sole discretion.

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